Michael Saylor highlights Bitcoin's dominance over other financial assets!
Michael Saylor, co-founder of MicroStrategy, recently caught attention with a post on the X platform (formerly known as Twitter), where he emphasized the massive superiority of Bitcoin compared to other financial asset classes.
Saylor showed through a graph that the cumulative return of Bitcoin since 2011 reached a staggering rate of 21,372,237%.
This amazing performance of Bitcoin significantly outperforms the returns of gold, technology stocks, and other traditional assets.
Bitcoin performance compared to other assets:
When we evaluate Bitcoin on an annual basis, we see that it outperforms all other assets with an average annual rate of return of 148%.
Despite this outstanding performance, Bitcoin did not achieve the expected rise during the current session, as it fell behind the performance of MicroStrategy (MSTR) and several mining company stocks.
Since launching Bitcoin exchange-traded funds (ETFs) in early 2024, the leading digital currency has seen a record high of $73,737 in March.
What makes this achievement special is that Bitcoin surpassed its previous peak in the last session before the fork, indicating an unconventional bullish pattern.
However, the coin is now down 12.73% from its historical highs, and the future of returning to this peak remains uncertain due to the lack of clear bullish catalysts at the moment.
Earlier this week, Bitcoin's value fell below $64,000 for the first time in more than a month.
Bitcoin is under dual pressure from significant outflows from cryptocurrency investment products and persistent inflation that prevents further interest rate hikes.
These factors led to Bitcoin faltering in regaining its usual upward momentum.
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